| 1 | A bill to be entitled |
| 2 | An act relating to trust funds; amending s. 288.1087, |
| 3 | F.S.; creating the Space and Aerospace Development |
| 4 | Infrastructure Enhancement Fund within the Office of |
| 5 | Tourism, Trade, and Economic Development; providing for |
| 6 | annual carryforward of funds; providing for future review |
| 7 | and termination or re-creation of the fund; providing a |
| 8 | contingent effective date. |
| 9 |
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| 10 | Be It Enacted by the Legislature of the State of Florida: |
| 11 |
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| 12 | Section 1. Subsection (6) is added to section 288.1087, |
| 13 | Florida Statutes, as created by House Bill 1355, to read: |
| 14 | 288.1087 The Space and Aerospace Development |
| 15 | Infrastructure Enhancement Fund.-- |
| 16 | (6)(a) There is created within the Office of Tourism, |
| 17 | Trade, and Economic Development the Space and Aerospace |
| 18 | Development Infrastructure Enhancement Fund. |
| 19 | (b) Notwithstanding the provisions of s. 216.301 and |
| 20 | pursuant to s. 216.351, any unexpended balance in the fund at |
| 21 | the end of a fiscal year shall remain in the fund and be |
| 22 | available for carrying out the purposes of the fund. |
| 23 | Section 2. Pursuant to the provisions of s. 19(f)(2), Art. |
| 24 | III of the State Constitution, the Space and Aerospace |
| 25 | Development Infrastructure Enhancement Fund shall, unless |
| 26 | terminated sooner, be terminated on July 1, 2012. Before its |
| 27 | scheduled termination, the fund shall be reviewed as provided in |
| 28 | s. 215.3206(1) and (2), Florida Statutes. |
| 29 | Section 3. This act shall take effect July 1, 2008, if |
| 30 | House Bill 1355 or similar legislation is adopted in the same |
| 31 | legislative session or an extension thereof and becomes law. |